Beowulf Mining* (BEM LN) – SSAB board member to become Minister of Trade and Industry
Condor Gold* (CNR LN) – Geotechnical drilling at La India
Galan Lithium (GLN AU) – Candelas PEA highlights the potential for a 14ktpa LCE over 25y brine operation
GoldStone Resources* (GRL LN) - BUY – Maiden gold pour at the Homase mine
Hochschild Mining (HOC LN) – C$135m acquisition of Posse gold project in Brazil
Mkango Resources* (MKA LN) – Q3 update shows strong progress of mine, refine, recycle strate
Companies: MKA BEM CNR GRL HOC POW SRB URU GLN
Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has this morning released its unaudited Q3 2021 financial results. The company has continued to improve on its 2020 quarterly production results and is therefore on-track to meet its previous 2021 guidance production of 33-36Koz.
From a financial viewpoint, Q3 has been slightly weaker YoY but the YTD performance has matched 2020. As the table below shows revenue and PAT for the first nine months have slightly
Companies: Serabi Gold PLC
AEX Gold (AEXG LN) – AEX makes good progress on drilling at the Nalunaq gold mine in Greenland
Gold Star Resources (GSS US) – Recommended cash offer at $3.9/share
GoldStone Resources* (GRL LN) – Final Phase of plant construction begins as company eyes first gold pour
IAM Gold (IAG CN) – Convoy from Essakane gold mine in Burkina Faso attacked
IronRidge Resources* (IRR LN) – Demerger and A$7.2m raise for Ricca Resources
Oriole Resources (ORR LN) – Identification of priority targets for follo
Companies: AEX GSS IMG GRL ORR RMM SRB SHG ALL SGZ
Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has recently released its Q3 operational results. The company has continued to improve on its 2020 quarterly production results and is therefore on-track to meet its previous 2021 guidance production of 33-36Koz.
Most encouraging is that the milled head-grade at the Palito operations not only maintained the grades from Q2 but even slightly exceeded it (see table below). This has been supported by strong grade
Adriatic Metals* (ADT1) – US$244.5m funding package for Vares Silver Project
Anglo Asian Mining* (AAZ LN) - BUY, 180p – Robust Q3/21 with production guidance reiterated
Atalaya Mining (ATYM LN) – Strong Q3 performance triggers increased 2021 production guidance
Caledonia Mining* (CMCL LN) – New record quarterly gold production at Blanket
Rambler Metals and Mining* (RMM LN) – Bridging finance arrangement
Serabi Gold* (SRB LN) – Q3 production shows continuing recovery after Covid affected 20
Companies: CMCL ADT AAZ RMM RBW SRB VRS ATYM
Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has today released its 2021 interim financial results. Overall it has been a positive first half; EBITDA is up 18% from the same period last year to US$11.1 million and post-tax profits are up 75% to US$6.35 million. This has can be attributed to a number of key factors: the strong production numbers, favourable exchange rates and strong gold price.
The key numbers are broadly in line with our estimates with
Amur Minerals* (AMC LN) – Interims
Ariana Resources (AAU LN) – Backing Australian exploration via Panther Metals and interim results
Arkle Resources* (ARK LN) – Interim results and project summaries
Botswana Diamonds (BOD LN) – Exercising pre-emption rights to gain control of Thorny River
Castillo Copper (CCZ LN) – Acquiring option over Australian lithium projects
Empire Metals* (EEE LN) – Interims highlight progress at Eclipse and Central Menzies
GoldStone Resources* (GRL LN) – Interim re
Companies: MKA AMC AAU ARK BOD EEE WRES GRL HZM KEFI PREM SRB SOLG CCZ ALL
AfriTin* (ATM LN) – Strong six months fuelled by rising production levels at Uis and strong tin prices
AVZ Minerals (AVZ AU) - secures $240m of Chinese investment to develop DRC lithium project
Bluejay Mining* (JAY LN) – Further drilling at Enonkoski
Bushveld Minerals* (BMN LN) – Interims highlight doubling of vanadium production to 5,000-5,4000mtVpa by end-2022
Eurasia Mining* (EUA LN) – Completion of $15m placing
GoldStone Resources* (GRL LN) – Warrant exercise provides £180k of funding t
Companies: ATM JAY BMN EUA POW RMM SRB AVZ SGZ
Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has today officially released its FY2020 financial statements. This comes after a delay due to an investigation into unexplained cash withdrawals that were discovered whilst audit work was being carried out in Brazil. Despite this and the challenges from the pandemic Serabi still managed to generate US$15.5 million in EBITDA and a US$7.0 million post tax profit – an 83% increase YoY.
Alba Mineral Resources (ALBA LN) – Expansion of mineral licences in North Wales
Aura Energy* (AURA LN) – Exploration activities at the Tiris Uranium and Tasiast South Projects
BlueRock Diamonds (BRD LN) – Interims highlight progress towards 1mtpa throughput target
Caerus Mineral Resources (CMRS LN) – Copper and gold confirmed in the Kalavasos dumps
Eurasia Mining (EUA LN) – $15m equity raise to progress Rosgeo JV
Rainbow Rare Earths* (RBW LN) BUY, Valuation range 39-60p – K-Tech processing
Companies: AEE BRD CMRS EUA RBW SRB URU
Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has today announced the start-up of mining development at its Coringa Gold Project. Coringa is located 200km south of the company's current producing gold operation the Palito Mine Complex.
Serabi has been a consistent long time operator in Northern Brazil but over the next five years looks set to break out from a 40Kozpa gold producer targeting, from our modelling, c. 70Kozpa by 2026 along with a lower cost base. This is being achieved by maximising potential at its existing operation, the Palito Mine Complex, through the addition of an ore sorter as well as imminent gold production from the Coringa project 200km to the south. With Coringa mine development already started and firs
Bluejay Mining* (JAY LN) – Nickel exploration portfolio drives new interest in Bluejay shares
Firefinch (FFX AU) – Firefinch requests for shares to be placed in trading halt
Galan Lithium (GLN AU) – A$50m raise
Galaxy Resources (GXY AU) – Orocobre merger approved by Court
Orocobre (ORE AU)
Horizonte Minerals (HZM LN) – interim results highlight progress securing offtake & strong cash position
Serabi Gold* (SRB LN) – Drilling at Sao Chico project identifies probable mineable veins alongsi
Companies: JAY HZM SRB FFX GXY GLN ORE
Research Tree provides access to ongoing research coverage, media content and regulatory news on Serabi Gold PLC.
We currently have 112 research reports from 6
Jubilee today announce the full year results for FY 2021 ending in June 21. It was a year of continued progress with revenues up 143% to £133m (from FY 2020), adjusted PBT up 324% to £52m and eps up 93% to 1.8p/sh – an extraordinary year – but still only the beginning of the progression in our view. Continued developments in South Africa have led to a fully flexible chrome and chrome tailings solution at Inyoni. Supply from a wide variety of sources (Run-Of-Mine, new tailings from own operati
Companies: Jubilee Metals Group PLC
Friday's market sell off saw some violent downward moves in many stocks with little initial differentiation between sectors or the key drivers of businesses, creating significant share price drops in a number of higher quality or uncorrelated names. We take a look at some stocks we believe have either seen an unwarranted sell-off, have seen weakness go under the radar or where there is now a more attractive opportunity.
Companies: ANX IBPO CYAN SOM EQT AFM
Jubilee operates several chrome-Platinum Group Metal (PGM) operations in South Africa. Growth will come from its Zambian two-refinery strategy where it is expected to produce upwards of 31kt/year of copper (in cathode and concentrate) with an, as yet, undefined contribution from cobalt. The strategy has benefited from the acquisition of the Nkana refinery from Mopani (Zambian-government owned), which provides many logistical and technical benefits to Jubilee. Jubilee remains on a growth trajecto
Savannah today announces that it is amicably terminating its JV arrangement with Rio Tinto over the Mutamba Minerals Sands project in Mozambique. Savannah has been paid $9.5m (which translates into 0.4p/sh) in cash to relinquish the 20% it has earned in the project and will cease all activity in country. All staff will transfer to Rio Tinto.
Companies: Savannah Resources Plc
Across a broader market sell off EQTEC have shown resilience and is trading at 1.55p, above its placing in May, up 25% from one month ago.
Companies: EQTEC PLC
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What’s cooking in the IPO kitchen?
Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly of
Companies: ADBE ADBE SYM ARC AVCT CMCL CLIN DCTA FRAN OSI
We initiate coverage of Tungsten West Ltd (“TUN” or “the company”) with a GBp144/sh price target. TUN is focussed on the re-opening of the Hemerdon Tungsten Mine in Devon, UK, which was previously owned and operated by Wolf Minerals (UK) Ltd (“Wolf”). Since acquiring the project in Nov’19, TUN has resolved issues encountered by Wolf and optimised the project further with new revenue streams and technology. In March 2021 TUN produced a Bankable Feasibility Study (“BFS”) for Hemerdon, validated by
Companies: Tungsten West Plc
Savannah Resources is a hardrock lithium exploration and development company with a 100% interest in the Barroso Lithium Project in the Northern Portugal hosting 27mt at 1.06% Li2O for ~700kt LCE, the largest spodumene lithium resource in Western Europe. Project environmental permitting is currently in progress paving the way for the completion of the Feasibility Study and eventual project financing. The project benefits from the strategic location as Europe rapidly expands it Li-ion batteries a
Deeside project update
Cornish Metals has now released the results of 10 drillholes at its continuing exploration programme at United Downs near Camborne. Including two holes drilled on the property by Cornish Lithium the drilling shows up to 5 mineralised structures with a total of twenty-two individual mineralised intercepts.
Even though the area has been mined intermittently between the early 1700s and the late 20th century, the drilling evidence bodes well for the delineation of additional mineral resources wh
Companies: Cornish Metals Inc.
Initiating Coverage: Price Target 20p
Potential Beyond Tin
AfriTin Mining Limited (ATM) is one of only three listed tin producers in Western markets. It has a large (820km2) land package in Namibia comprising 5 prospective licenses of which the Uis mine is the most advanced and already in production. Near term growth is being delivered with an 80% increase in tin production between 2022 and 2024. However, this is only scratching the surface and there are more than conceptual plans being fo
Companies: AfriTin Mining Ltd.
Savannah Resources has sold its interest in the Mozambique mineral sands project (Mutamba) to JV partner Rio Tinto for $9.5m in cash. The payment has already been made to one of Savannah’s UK subsidiaries.
Given Barroso’s importance and capital requirements over the coming months, we view this as very good news. It allows management to dedicate all its time to Barroso and reduces future SAV equity dilution. Despite the strong lithium price and exceptional performance of ASX and TSX lithium sto
i(x) Net Zero, the investing company which focusses on Energy Transition and Sustainability in the Built Environment, announces its intention to join AIM. Following Admission, the Company intends to use the net proceeds of the proposed Fundraising to provide development and expansion capital to certain of its investee companies, for future investments in companies that fall primarily within its areas of interest in Energy Transition and Sustainability in the Built Environment and to provide work
Companies: TGN AFC COIN COIN HL/ OMI
Companies: Shanta Gold Limited
Shanta Gold (AIM: SHG), the East Africa-focused gold producer has today announced a drilling update on its West Kenya Project (WKP) based on its Phase 2 drilling program which aims to infill 17 modelled zones across both Isulu and Bushiangala deposits up to 450-500m below surface. The Company has also reported drilling results from a regional exploration target, Ramula, where assays have been received from the first of 12 holes drilled, as part of the resource drill-out programme, totalling 451m